JLS Capital Strategies, LLC
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Thermal Power

Thermal Power

Sector Experience

Total Transaction Value of $9.3 Billion

46 Transactions Across the World


Selected Case Studies

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Al Dur Integrated Water & Power Project, Bahrain, 2009, $231 Million Finance for $1.3 Billion Project

Occurring in the wake of the Global Financial Crisis (GFA) of 2008, the Al Dur financing required – for the first time ever in an export credit agency (ECA) finance – required management of refinancing risk.  After commercial lenders were unable to extend long-term financing envisaged prior to the GFA, ECA financing filled the financing gap under an innovative financing structure that accommodated short-term commercial finance, which anticipated future refinancing and potential refinancing difficulties.  Financial close occurred with five months of the date of Ex-Im Bank application


Dhuruma Power Project, Saudi Arabia, $380 million finance for $2.1 billion, 2010

For this 1,730 MW combined cycle project sponsored by a group led by GDF Suez, SA and involving off-take and equity ownership by Saudi Electricity Company, the U.S. Ex-Im Bank facility provided leadership for a $1.55 billion, limited recourse debt facility that included commercial banks, and Islamic financial institutions.  By negotiating terms during the bidding stage under an Ex-Im Bank''s Competitive Letter of Interest, financial close was achieved within three months of the date of preferred bidder award.


Selected Transactions

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